44-Hectare Residential Development Opportunity | Piriápolis

Land Banking, Subdivision and High-Value Exit Potential

An exceptional 44-hectare development land opportunity for investors seeking exposure to the fast-growing coastal market of Maldonado. The property includes Rural Maldonado padrones 32095, 32096, 32097 and 32098, with approximately 294 meters of frontage by 1,520 meters depth, offered at USD 4,800,000.

A Subdivision Process Already in Motion

The transformation process from rural land toward a residential neighborhood has already begun and is expected to be completed in approximately 18 months. Buyers may continue with the current surveyors, engineers and notary team, or appoint their own advisors. Project documentation is available for consultation. Some areas are expected to remain reserved or open, in line with planning requirements.

Why Piriápolis Is a Strategic Play

Piriápolis is increasingly attractive for Uruguayan and international buyers seeking a calmer alternative to Punta del Este, while remaining close to beaches, services and regional connectivity. Maldonado is one of Uruguay’s strongest population-growth departments, creating structural demand for new residential land and planned neighborhoods.

Estimated Upside

The projected gross sell-out after subdivision is estimated at approximately USD 19 million, with potential additional earnings through buyer financing structures. The local PAI framework is already being used in Piriápolis to transform rural-potential land into urban or suburban residential projects, reinforcing the area’s development momentum.

A rare opportunity to enter before full approval and capture development upside.

The listed price does not include the real estate commission (3% + VAT), notary fees, or ITP.